The Financial Markets Authority says six directors of Strategic Finance are likely to have breached the Securities Act.
 

Westpac’s focus on cross-selling has seen the percentage of its customers with wealth products increase to 23.4%, up from just  17.3% at the beginning of 2011.

Two more directors of Capital + Merchant Finance have today entered guilty pleas to three charges laid by the Financial Markets Authority.

ASB says there is a growing possibility the Reserve Bank may use macroprudential tools soon, to enable it to leave the official cash rate on hold until the first quarter of 2014.

The Kiwi dollar may hit US90c before the end of the year, putting even more pressure on exporters.

Business owners can now turn to their insurance to cover the cost of an IRD audit.

Squirrel has appointed Venu Chawdrapu as a managing partner for the New Zealand Indian market.

BNZ has announced its KiwiSaver scheme will launch on February 25.
 

TOWER’s former senior commercial manager has been appointed chief financial officer of the National Institute of Water and Atmospheric Research.

It will be up to the Government to decide whether any prospective purchaser of Tower’s KiwiSaver business also gets its default status.

The Serious Fraud Office is investigating a former authorised financial adviser.

Kiwi banks recorded their biggest growth in lending since 2009 in the second half of their 2012 financial years.

Stronger financial sector regulation is top of the wishlist of the Reserve Bank Governor.